Housing market/Florida/ZIP 32301

ACS 2023 · FY2027 SAFMR

ZIP 32301 Tallahassee, Florida

Tallahassee, FL HUD Metro FMR Area · Florida. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
32,596
Households
14,429
Median HH income
$50,412
Renter share
71.6%
Median gross rent
$1,200
Vacancy
15.3%
Pop. change
+6.1%
2BR SAFMR
$1,500
SAFMR / rent
1.250×
2–49 unit stock
6,602
LIHTC proj / units
3 / 443
HUD assisted MF
4 / 366

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 32301 · FL — sent to you.

ZIP 32301 · FL

ACS median rent$1,200
2BR SAFMR$1,500
90% floor$1,350
110% ceiling$1,650

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 32301

  • 1-unit detached4,59627.0%
  • 1-unit attached1,99711.7%
  • 2–4 units2,82616.6%
  • 5–49 units3,77622.2%
  • 50+ units3,69021.7%
  • Mobile1440.8%
TypeUnitsShare
1-unit detached4,59627.0%
1-unit attached1,99711.7%
2 units (duplex)7074.2%
3–4 units2,11912.4%
5–9 units1,2317.2%
10–19 units1,90911.2%
20–49 units6363.7%
50+ units3,69021.7%
Mobile1440.8%

2–4 unit share 16.6% · 5–49 unit share 22.2% · combined 2–49 38.8%.

Units by bedrooms

Studio
812
1BR
3,338
2BR
6,198
3BR
4,979
4BR
1,604
5+
98

Rent burden

Rent ≥30% of income50.6%
Rent ≥50% of income24.1%
  • ACS median gross rent $1,200 (all bedrooms, occupied rentals).
  • Median contract rent $980.
  • Renters paying ≥30% of income 50.6%; ≥50% 24.1%.
  • FY2027 2BR SAFMR $1,500 (1.250× ACS median gross rent).

Population

32,596 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +6.1%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 3 projects, 443 units.
  • HUD project-based assisted MF: 4 properties, 366 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 1,384 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 32301 71.6% of occupied households are renters; vacancy is 15.3%; ACS median gross rent is $1,200; population increased +6.1% between the 2018 and 2023 ACS vintages; the housing stock includes 2,826 units in 2–4-unit structures and 3,776 units in 5–49-unit structures; 3 LIHTC projects totaling 443 units; FY2027 2BR SAFMR is $1,500 versus ACS median gross rent of $1,200. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Florida research

ZIP 32301 is a Census / HUD profile for Tallahassee, FL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

Nearby ZIPs in this FMR area

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Florida research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 32301?

ZIP 32301 (Tallahassee, FL HUD Metro FMR Area) has 32,596 residents, 14,429 households, a renter share of 71.6%, median household income of $50,412, and ACS 2023 median gross rent of $1,200. Vacancy is 15.3%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 32301?

ACS counts 707 units in 2-unit buildings, 2,119 in 3–4 unit buildings, 1,231 in 5–9, 1,909 in 10–19, and 636 in 20–49. Combined 2–49 unit stock is 6,602 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 32301?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,500. See the full schedule and 90–110% payment-standard band on the ZIP 32301 — Tallahassee, FL HUD Section 8 Payment Standards / SAFMR.

Does this Florida ZIP profile include Georgia listings?

No. ZIP 32301 is Census / HUD research for Tallahassee, FL HUD Metro FMR Area. Jeff Crowe CRE does not list Florida property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.